V.A.S. Stone: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
V.A.S. Stone
Largest movements
- Receivables after one year +€48,583
new in 2025: €48,583
of which Other amounts receivable: +€32,951
- Receivables within one year -€44,614
no longer reported in 2025 (was €44,614)
of which Other amounts receivable: -€35,832
- Cash -€33,844
down €33,844 (-76.8%), from €44,060 to €10,216
mainly Receivables after one year (-€48,583) and Net result for the year (-€35,622)
- Tangible fixed assets -€18,498
down €18,498 (-44.8%), from €41,282 to €22,783
of which Furniture and vehicles: -€19,939
- Deferred charges and accrued income -€10,480
down €10,480 (-89.5%), from €11,712 to €1,232
- Profit (loss) carried forward -€35,622
new in 2025: -€35,622
- Accrued charges and deferred income -€33,865
no longer reported in 2025 (was €33,865)
- Trade debts +€23,800
new in 2025: €23,800
- Current portion of long-term debt -€7,683
down €7,683 (-41.5%), from €18,526 to €10,843
- Tax, wage and social debts -€3,071
down €3,071 (-11.7%), from €26,356 to €23,285
of which Taxes: -€5,153
- Gross operating margin -€59,011
down €59,011, from €56,677 to -€2,335
- Depreciation -€5,805
down €5,805 (-15.7%), from €36,895 to €31,090
- Taxes -€4,808
down €4,808 (-97.4%), from €4,935 to €127
- Financial income +€1,088
up €1,088 (+140%), from €779 to €1,867
- Financial charges -€954
down €954 (-39.8%), from €2,399 to €1,445
From the 31-03-2025 result to the 31-12-2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 31-03-2025 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-03-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,668 | €82,814 | -€58,854 | -41.5% |
| Fixed assets | 21/28 | €41,282 | €22,783 | -€18,498 | -44.8% |
| Tangible fixed assets | 22/27 | €41,282 | €22,783 | -€18,498 | -44.8% |
| Land and buildings | 22 | €4,544 | €3,402 | -€1,142 | -25.1% |
| Plant, machinery and equipment | 23 | €3,269 | €5,852 | +€2,583 | +79.0% |
| Furniture and vehicles | 24 | €33,469 | €13,530 | -€19,939 | -59.6% |
| Current assets | 29/58 | €100,386 | €60,031 | -€40,356 | -40.2% |
| Amounts receivable after more than one year | 29 | - | €48,583 | +€48,583 | |
| Trade receivables | 290 | - | €15,632 | +€15,632 | |
| Other amounts receivable | 291 | - | €32,951 | +€32,951 | |
| Amounts receivable within one year | 40/41 | €44,614 | - | -€44,614 | |
| Trade receivables | 40 | €8,782 | - | -€8,782 | |
| Other amounts receivable | 41 | €35,832 | - | -€35,832 | |
| Cash at bank and in hand | 54/58 | €44,060 | €10,216 | -€33,844 | -76.8% |
| Deferred charges and accrued income | 490/1 | €11,712 | €1,232 | -€10,480 | -89.5% |
| Total equity and liabilities | 10/49 | €141,668 | €82,814 | -€58,854 | -41.5% |
| Equity | 10/15 | €54,163 | €18,541 | -€35,622 | -65.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,963 | €47,963 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €46,103 | €46,103 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€35,622 | -€35,622 | |
| Amounts payable | 17/49 | €87,505 | €64,273 | -€23,232 | -26.5% |
| Amounts payable after more than one year | 17 | €8,758 | €6,345 | -€2,413 | -27.6% |
| Financial debts | 170/4 | €8,758 | €6,345 | -€2,413 | -27.6% |
| Amounts payable within one year | 42/48 | €44,882 | €57,928 | +€13,046 | +29.1% |
| Current portion of amounts payable after more than one year | 42 | €18,526 | €10,843 | -€7,683 | -41.5% |
| Trade debts | 44 | - | €23,800 | +€23,800 | |
| Suppliers | 440/4 | - | €23,800 | +€23,800 | |
| Taxes, remuneration and social security | 45 | €26,356 | €23,285 | -€3,071 | -11.7% |
| Taxes | 450/3 | €26,338 | €21,185 | -€5,153 | -19.6% |
| Remuneration and social security | 454/9 | €18 | €2,100 | +€2,082 | +11,401% |
| Accrued charges and deferred income | 492/3 | €33,865 | - | -€33,865 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,895 | €31,090 | -€5,805 | -15.7% |
| Other operating charges | 640/8 | €2,706 | €2,493 | -€213 | -7.9% |
| Gross operating margin | 9900 | €56,677 | -€2,335 | -€59,011 | |
| Operating profit (loss) | 9901 | €17,076 | -€35,917 | -€52,993 | |
| Financial income | 75/76B | €779 | €1,867 | +€1,088 | +140% |
| Recurring financial income | 75 | €779 | €1,867 | +€1,088 | +140% |
| Financial charges | 65/66B | €2,399 | €1,445 | -€954 | -39.8% |
| Recurring financial charges | 65 | €2,399 | €1,445 | -€954 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €15,455 | -€35,495 | -€50,951 | |
| Income taxes | 67/77 | €4,935 | €127 | -€4,808 | -97.4% |
| Profit (loss) for the period | 9904 | €10,521 | -€35,622 | -€46,143 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,521 | -€35,622 | -€46,143 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.